Sunday, February 3, 2013
Update on new resources:
The Inner Voice of Trading (Eliminate the Noise and Profit from the Strategies
That Are Right for You) Michael Martin 2012. This book is an absolute
must for every trader's library. It's a book to read, re-read and study for
the remainder of your trading career. The author teaches a trader
how to listen to the emotions and feelings that drive trading decisions
and the critical importance of matching a trading system with each trader's
emotions and trading style. Many incredible insights into how successful traders
think and manage their trading.
www.netpicks.com/authorseries
Indepth interviews with Michael Martin (Inner Voice); Richard Weissman
(Trade Like A Casino) and Anne-Marie Baiynd (The Trading Book: A
Complete Solution to Technical Systems and Trading Psychology) along
with several other interviews. .
Sunday, December 9, 2012
New resources for the personal development journey:
www.nightingale.com/missionstatement
Build your personal mission statement, the guide to your daily activities.
www.simpletruths.com
Under the Movies tab, there are short videos on various topics--Make sure to
check out 212 The Extra Degree and What It Takes to Be Number One.
www.nightingale.com/missionstatement
Build your personal mission statement, the guide to your daily activities.
www.simpletruths.com
Under the Movies tab, there are short videos on various topics--Make sure to
check out 212 The Extra Degree and What It Takes to Be Number One.
Saturday, November 17, 2012
Here are two trading resources which I've come across in the last two days which really complement each other.
The first resource is a free trader personality test available at www.tharptradertest.com. This 35 question test will immediately generate a very detailed report outlining your trading personality, your strengths and weaknesses as a trader along with suggestions on leveraging your trading strengths and addressing your trading challenges.
Next, check out Week 78 of the 4 Minute Trading drills at www.thedisciplinedtrader.com. This week's 4 Minute Drill focuses on the critical question of why are you trading? Coupled with the results of the Tharp Personality Test, the 10 minutes or so you spend on these two resources will be an excellent start on narrowing your focus in trading as we head toward the end of the calendar year. Use your results also to start working on your trading plans and strategies for 2013. Start working now on ensuring that 2013 is your best trading year ever!
The first resource is a free trader personality test available at www.tharptradertest.com. This 35 question test will immediately generate a very detailed report outlining your trading personality, your strengths and weaknesses as a trader along with suggestions on leveraging your trading strengths and addressing your trading challenges.
Next, check out Week 78 of the 4 Minute Trading drills at www.thedisciplinedtrader.com. This week's 4 Minute Drill focuses on the critical question of why are you trading? Coupled with the results of the Tharp Personality Test, the 10 minutes or so you spend on these two resources will be an excellent start on narrowing your focus in trading as we head toward the end of the calendar year. Use your results also to start working on your trading plans and strategies for 2013. Start working now on ensuring that 2013 is your best trading year ever!
Sunday, July 15, 2012
New Resources
I hope your trading this summer is as hot as the weather in most of the United States. Here are two new resources I've run across recently--both can be used every day for quick strides in your personal development journey:
1. www.20daypersuasion.com/self-help-videos.htm
This website contains countless video lessons on self development and personal
growth from icons including Earl Nightingale; Brian Tracy; Tony Robbins, Jim Rohn,
Zig Ziglar and many others.
2. www.thedisciplinedtrader.com/oneminute/
The latest in Norman Hallett's excellent material on trading discipline, these one minute audios are designed for a daily check up on crucial trading topics.
These 10-20 minute videos and 1 minute audio trading discipline lessons will be sure to
move you closer to your short, medium and long-term goals.
Have an outstanding week of trading!
1. www.20daypersuasion.com/self-help-videos.htm
This website contains countless video lessons on self development and personal
growth from icons including Earl Nightingale; Brian Tracy; Tony Robbins, Jim Rohn,
Zig Ziglar and many others.
2. www.thedisciplinedtrader.com/oneminute/
The latest in Norman Hallett's excellent material on trading discipline, these one minute audios are designed for a daily check up on crucial trading topics.
These 10-20 minute videos and 1 minute audio trading discipline lessons will be sure to
move you closer to your short, medium and long-term goals.
Have an outstanding week of trading!
Sunday, March 18, 2012
Always Keep Improving!
U.S. home improvement supply company Lowe's (www.lowes.com) is running a television ad campaign right now with the slogan of "Never Stop Improving." The ads are appropriately featured during the March Madness basketball tournament, the annual NCAA basketball playoff system which started a few days ago in the U.S. for the top college teams. Stories of individual player's and team work ethics are extremely inspiring during this tournament. These stories focus on the extraordinary daily efforts that bring teams to the spotlight of the march toward the title of college basketball champs.
Along the lines of the 7 Day plan described in my book, Steven Covey suggests that someone starting on a self-improvement plan only commit to 30 minutes per day to begin with--20 minutes for physical activity and the balance of 10 minutes for reading, spiritual and personal development activities. Once the benefits of only a 30 minute commitment become very clear, moving from 30 minutes per day to a much greater investment of time in yourself becomes easy.
The goal of personal development is simple--to create the power of self-efficacy, the ability to create your future instead of letting it be created for you. Goals that are bigger than you are right now will ensure personal growth to reach those goals, often faster than you plan to reach them. Any meaningful and lasting change must start first on the inside in your imagination before those changes can manifest themselves in your outside world.
Tony Robbins calls it "CANAI"--constant and never-ending improvement. As an employee, spouse, parent, friend and trader, this should be the goal for every day. The minor changes and improvements made each day and every week add up to permanent, lasting steps toward the written goals and aspirations that we've set for ourselves.
Along that line, here's a step I'm taking beginning this week to continue to improve on my skills as a trader. I've sat down and written out an outline of the trades I took or planned to take last week. I've noted what went well, what I could have done better and then written down the areas of trading that I want to work on in the coming week. I've printed screenshots of the trades from last week with notes on them and placed all of these charts and my trading goals for the week in a plastic notebook insert--easy to carry with me throughout the week and review while planning, executing and managing trades. At the end of the week, I expect these incremental changes to significantly contribute toward taking me closer to the big goals I've set for myself as trader.
This process carries over to family, work and all other areas of life as well. Work to balance all areas of your life and continue to grow in every important value you hold. Have a great week!
Along the lines of the 7 Day plan described in my book, Steven Covey suggests that someone starting on a self-improvement plan only commit to 30 minutes per day to begin with--20 minutes for physical activity and the balance of 10 minutes for reading, spiritual and personal development activities. Once the benefits of only a 30 minute commitment become very clear, moving from 30 minutes per day to a much greater investment of time in yourself becomes easy.
The goal of personal development is simple--to create the power of self-efficacy, the ability to create your future instead of letting it be created for you. Goals that are bigger than you are right now will ensure personal growth to reach those goals, often faster than you plan to reach them. Any meaningful and lasting change must start first on the inside in your imagination before those changes can manifest themselves in your outside world.
Tony Robbins calls it "CANAI"--constant and never-ending improvement. As an employee, spouse, parent, friend and trader, this should be the goal for every day. The minor changes and improvements made each day and every week add up to permanent, lasting steps toward the written goals and aspirations that we've set for ourselves.
Along that line, here's a step I'm taking beginning this week to continue to improve on my skills as a trader. I've sat down and written out an outline of the trades I took or planned to take last week. I've noted what went well, what I could have done better and then written down the areas of trading that I want to work on in the coming week. I've printed screenshots of the trades from last week with notes on them and placed all of these charts and my trading goals for the week in a plastic notebook insert--easy to carry with me throughout the week and review while planning, executing and managing trades. At the end of the week, I expect these incremental changes to significantly contribute toward taking me closer to the big goals I've set for myself as trader.
This process carries over to family, work and all other areas of life as well. Work to balance all areas of your life and continue to grow in every important value you hold. Have a great week!
Sunday, January 29, 2012
The Value of Repeatedly Reviewing Self Development Resources
In my 7 Day reports in the Coach's Corner each week, over time you may have seen that I continue to read some of the same books and listen to the same audio programs. Books such as Think and Grow Rich by Napoleon Hill and Mark Douglas' Trading in the Zone are classics--I always learn something new every time I read them. The same holds true with Jim Rohn's Art of Exceptional Living and Brian Tracy's Psychology of Achievement audio programs--every listening reinforces their excellent teaching and opens the door for new learning as I'm traveling down the road.
This really came to light for me this week as I finished another review of Psychology of Achievement. At one point, Brian Tracy made the statement that, when we set precise goals, our subconscious then starts to deliver "obstacles or challenges" (often viewed as failures at the time). The subconscious sends these to us because we have certain lessons we have to learn before we can move closer to our goals. It reportedly took Thomas Edison over 10,000 tries to create the incandescent lightbulb--when asked about these many "failures", Edison replied that he had not failed. Rather; he had discovered 10,000 ways not to invent the lightbulb. (Recall the magic of the 10,000 figure discussed in Driving Your Way).
I thought about Brian Tracy's statement and how it applied to my early Fx trading days with trades dominated by 5 minute charts and not the higher timeframes; charts full of indicators and not just market flow from price action and days when my focus was on over learning and over analyzing the markets and not focusing on my mental training and mental approach to trading. These were but a few of the many obstacles delivered to me that served as critically important lessons in my maturity as a trader. Losses were far more abundant than profits, but they were part of the journey toward improving my trading results over time.
Through journaling trades, practicing trading through visualization and by taking notes on trading thoughts and observations in a separate journal, I continue to work on refining my trading every day. Learn from every one of your trades and be a stronger, wiser and better trader this week than you were last week.
Have a great trading week!
Learn the correct way to use candlesticks in your trading--free webinar with Steve Nison on January 31, 2012: http://www.1shoppingcart.com/app/?Clk=4596971 (As with any affiliate program associated with Driving Your Way, a portion of any affiliate commissions will benefit St. Jude Children's Research Hospital: www.stjude.org).
This really came to light for me this week as I finished another review of Psychology of Achievement. At one point, Brian Tracy made the statement that, when we set precise goals, our subconscious then starts to deliver "obstacles or challenges" (often viewed as failures at the time). The subconscious sends these to us because we have certain lessons we have to learn before we can move closer to our goals. It reportedly took Thomas Edison over 10,000 tries to create the incandescent lightbulb--when asked about these many "failures", Edison replied that he had not failed. Rather; he had discovered 10,000 ways not to invent the lightbulb. (Recall the magic of the 10,000 figure discussed in Driving Your Way).
I thought about Brian Tracy's statement and how it applied to my early Fx trading days with trades dominated by 5 minute charts and not the higher timeframes; charts full of indicators and not just market flow from price action and days when my focus was on over learning and over analyzing the markets and not focusing on my mental training and mental approach to trading. These were but a few of the many obstacles delivered to me that served as critically important lessons in my maturity as a trader. Losses were far more abundant than profits, but they were part of the journey toward improving my trading results over time.
Through journaling trades, practicing trading through visualization and by taking notes on trading thoughts and observations in a separate journal, I continue to work on refining my trading every day. Learn from every one of your trades and be a stronger, wiser and better trader this week than you were last week.
Have a great trading week!
Learn the correct way to use candlesticks in your trading--free webinar with Steve Nison on January 31, 2012: http://www.1shoppingcart.com/app/?Clk=4596971 (As with any affiliate program associated with Driving Your Way, a portion of any affiliate commissions will benefit St. Jude Children's Research Hospital: www.stjude.org).
Monday, January 23, 2012
New Trading Resources
For the last few weeks, I've been reading Mind Power: Thought Techniques for High Powered Trading by Ruth B. Roosevelt (available on Amazon). This is an excellent trading psychology book that incorporates many important concepts such as the use of trading affirmations, trader self-talk, the importance of goals and using NLP techniques to fast track trading success. This book is a collection of on line articles by the author and each article is presented in a way that a trader can focus on just one or two lessons at a time to improve their trading. There's homework at the end of each short article that will require the trader to really focus on and think about implementing a new strategy in the future to improve trading results.
Steve Nison is hosting a webinar on January 31, 2012 to discuss new ways to use candlesticks to improve trading results--for information: http://www.1shoppingcart.com/app/?Clk=4596971
Steve Nison is hosting a webinar on January 31, 2012 to discuss new ways to use candlesticks to improve trading results--for information: http://www.1shoppingcart.com/app/?Clk=4596971
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